2611 Prairie AveEvanston, IL 60201

Property Details for 2611 Prairie Ave

Year built

2005

Lot size

0.33 AC

Property type

Retail space

APN

05-34-423-030

APU

534423030

Description

This exceptional 1,400 square foot retail condo presents a spectacular investment opportunity in Evanston's vibrant business district. Situated on Prairie Avenue, this property boasts unparalleled visibility and high foot traffic, benefiting from its proximity to numerous boutiques, restaurants, and other retail establishments. The location is further enhanced by its close proximity to the new Northwestern University football stadium, ensuring a consistent flow of potential customers. The condo itself includes one bathroom and one designated parking space, a significant advantage in this bustling area. Ample street parking is also readily available for additional convenience. The space is immediately available, allowing for a swift and seamless transition for new owners. This is a rare chance to acquire a prime retail space in one of Evanston's most desirable and high-traffic areas, offering significant potential for growth and return on investment. The property's exceptional location and immediate availability make it an attractive proposition for discerning investors seeking a strong foothold in the Evanston market. Don't miss this opportunity to secure a thriving retail presence in the heart of Evanston.

• CAP approach

  CAP return

  Valuation

  6%

  $6,351,120

  6.5%

  $5,862,572

  7%

  $5,443,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,711,085

  Geo Method

  $4,711,085

• Alternative Use

  Use

  Valuation

  Residential

  $4,945,300

  Hospitality

  $4,529,868

  Educational

  $3,768,797

  Medical

  $3,898,412

  Retail

  $5,862,572

Location Insight

City

Evanston

County

Cook

State

Illinois

Latitude

42.0648

Longitude

-87.6999

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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